There was a meeting with employees and students today about it so I assume it's public knowledge now...
Bought by L-3 and it's supposed to be part of new Commercial Training Solutions division (My guess, not actually stated but some head L-3 guy in Dallas was meeting with Aerosim). Aerosim's president mentioned the possibility of expansion of their training into other airports and fleet modernization which supposedly has been in the works for awhile? Like most things, we will hope for the best but not plan on it happening anytime soon. The plan is supposedly to ditch the SR-20's in favor of newer 172 "Glass Cockpit" aircraft. Mentioned getting rid of or replacing the seminole fleet but that was kind of mumbled out loud so who knows whats going on their. I think they just bought a new seminole from Embry Riddle....
He also mentioned they couldn't do any of this being owned by private equity because the firm that owned them was not interested in investing any money in Aerosim, just getting the dividend and selling later. He says this is L-3 purchase should change that but I am curious why L-3 wants Aerosim in particular. How does Aerosim fit into their plans for Commercial Training Solutions overall? Beside the obvious "Aerosim does flight training" but more about why is that important to L-3's new division?